Medium Voltage Cables & Accessories Market Insights with statistics and Growth
Prediction 2017 to 2022
The global medium voltage cables & accessories market was valued at USD 39.31 Billion in
2016 and is projected to grow at a CAGR of 6.27%, from 2017 to 2022. Increase in renewable
energy generation and rapid industrialization and urbanization are the major drivers for growth
in the medium voltage cables & accessories market.
To enable an in-depth understanding of the competitive landscape, the report includes the
profiles of some of the top players in the medium voltage cables and accessories market. These
include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group
A/S (Denmark), and LS Cable & System Ltd. (South Korea). The leading players are trying to
understand the markets in developing economies and are adopting various strategies to increase
their market shares.
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On the basis of installation segment, underground medium voltage cables & accessories is
expected to dominate the global market. In this segment types of products, namely, XLPE cables,
MI cables, joints, and terminations. Within these product segmentation, XLPE cables ar e expected
to dominate the market by the projected year.
Medium voltage cables & accessories are a vital part of any electricity generation system. They
provide adequate amount of efficiency and reduce energy losses while T&D process. The medium
voltage cables & accessories market is dominated by a few major players, given their market
presence across regions and brand recognition. These players are receiving contracts, launching
new products, and adopting organic as well as inorganic strategies in order t o sustain in the
competitive environment. With the growth of the infrastructure sector, the demand for medium
voltage cables & accessories is growing.
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Objectives of the Study
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To define, describe, and forecast the global medium voltage cables & accessories market
by product, installation, voltage, end-user, and region
To provide detailed information on the major factors influencing the growth of the
medium voltage cables and accessories market (drivers, restraints, opportunities, and
industry-specific challenges)